2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-618 - Meetings of members -- Quorum


MD Corp & Assn Code § 5-618 (2013) What's This?

§5-618.

(a) Unless the bylaws require the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative shall be:

(1) 5% of all members, present in person, of a cooperative that has not more than 1,000 members; and

(2) Fifty members, present in person, of a cooperative that has more than 1,000 members.

(b) If less than a quorum is present at any meeting, a majority of those present in person may adjourn the meeting from time to time without further notice.

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